Analysis Topic: Commodity Markets - Metals, Softs & Oils
The analysis published under this topic are as follows.Thursday, October 02, 2014
Gold to Silver Ratio - Sentiment / Commodities / Gold and Silver 2014
The gold to silver ratio (GSR) acts like a sentiment indicator. When the GSR is low both gold and silver are usually running upward and strong. When the ratio is high, like now (Sept. 30, 2014), gold and especially silver are priced low and disinterest is nearly universal.
This is my anecdotal interpretation of silver & gold sentiment from a high of 10 to a low of 1:
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Thursday, October 02, 2014
Trading Impulse Moves in Gold and Silver Stocks / Commodities / Gold and Silver Stocks 2014
For the last two months, and especially the month of September, I've been trying to prep you for the impulse move that we currently find ourselves in right now. You don't have to wait any longer wondering when it's going to begin. We've been in this impulse move down since the last high was made on August 14th, which is the 4th reversal point in that blue triangle consolidation pattern, we've been following so close. I've been showing you countless H&S top patterns in all the big cap precious metals stocks a long with smaller consolidation patterns that are breaking out. I've shown you how the Japanese Yen and the eruo that have been collapsing and how closely gold and precious metals stock indexes are following the Yen lower. I don't know how I can make it any more clearer that the move we've been waiting for, for 15 months or so, is already six weeks old.
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Thursday, October 02, 2014
The World's 10 Biggest Energy Gluttons / Commodities / Energy Resources
Next time you get into your car and drive to the supermarket, think about how much energy you consume on an annual basis. It is widely assumed that Westerners are some of the world's worst energy pigs. While Americans make up just 5 percent of the global population, they use 20 percent of its energy, eat 15 percent of its meat, and produce 40 percent of the earth's garbage.
Europeans and people in the Middle East, it turns out, aren't winning any awards for energy conservation, either.
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Thursday, October 02, 2014
US Dollar is the Last Stop Before Gold and Silver Price Spike / Commodities / Gold and Silver 2014
David Morgan is interviewed by Butler On Business
Alan: Silver has been under pressure. We saw a little bit of a pop when Mario Draghi did his thing last week. This is an environment where precious metals should be off to the races and yet it's been down for gold... they are taking gold out to the woodshed.
David: As far as I'm concerned, and this is not about being right, or being stubborn, this is about my analysis, right or wrong. I really think this is the month where we are going to turn around, meaning that the bottoms for both metals could be tested. Silver broke below the $18.17 low that I have been talking about for a long time. The next level of support is the $17.50 area.
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Thursday, October 02, 2014
Gold Stocks Stealth Rally / Commodities / Gold and Silver 2014
Well, the headlines are rightfully bearish for gold, silver and the major precious metals stock indexes, ETFs and senior gold miners. The technical damage is real. Today's burst could be and probably is just short covering. [edit; post was mostly written before the end of day flop]
But improbably enough, there is a stealth uptrend going on in certain royalties, miners, developers and explorers. Believe me, if you could hear me talk instead of write you would not hear anything resembling desperation in my tone. That is because I have worked hard during this bear market to manage risk, stay strong and out of the bear's way. So I am not talking any sort of a book here other than my biggest picture view (an economic contraction environment that ultimately benefits the counter cyclical gold sector), which could still be out on the horizon.
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Thursday, October 02, 2014
Gold Will Surprise In More Ways Than One / Commodities / Gold and Silver 2014
Bob Loukas writes: Everywhere you turn today, gold is again being dismissed as a relic of the past, totally worthless, non-producing, with no place in any modern day portfolio. During the past 3 years, the gold complex has experienced the progressive stages of fear, capitulation, and despair, all classic bottoming phases of a long term Cycle. The question now is whether this high level of apathy is a symptom of a new secular bear market or a period of “stealth smart money” accumulation.
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Wednesday, October 01, 2014
Gold Is “Universally Acceptable” and Why China Is Buying - Greenspan / Commodities / Gold and Silver 2014
Alan Greenspan, former Chairman of the Fed, had an article entitled “Golden Rule - Why Beijing Is Buying” published in Foreign Policy, the journal of the influential Council on Foreign Relations in which he extols the virtues of gold as “universally acceptable.”
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Wednesday, October 01, 2014
Why China Thinks Gold is the Buy of the Century / Commodities / Gold and Silver 2014
Let's start with some big, but digestible numbers:
Read full article... Read full article...$3,950,000,000,000 = China’s total foreign exchange reserves
$1,250,000,000,000 = Value of the world’s 31,866 metric tonnes gold reserve at $1220/troy ounce
Wednesday, October 01, 2014
Forex Volatility Predicts Bottom in Gold and Silver? / Commodities / Gold and Silver 2014
Summary
- Volatility in foreign exchange market as investors flee euro and yen for liquid U.S. dollar.
- Euro and yen hitting multi-year lows. Inflation picking up outside US.
- US dollar seen as temporary safe haven. Could the US dollar be the next currency to decline?
- Precious metals and junior miners trading at historic discounts should be considered as an alternative to fiat currency.
- Deflations set the stage for hyper-inflations.
Tuesday, September 30, 2014
Singapore Becoming Global Gold Hub - Launches Kilo Bar Contract And Gold ATMs / Commodities / Gold and Silver 2014
Singapore continues its push to be a global gold hub. The new exchange traded Singapore kilobar gold contract will launch in less than two weeks - on October 13. The new contract is a 1 kilogramme physically deliverable gold contract for the Asian and global wholesale gold market.
In a joint statement, International Enterprise (IE) Singapore, Singapore Bullion Market Association (SBMA), Singapore Exchange (SGX) and the World Gold Council, announced the new contract yesterday.
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Tuesday, September 30, 2014
Turn the Tables on the Gold and Silver Market Manipulators / Commodities / Gold and Silver 2014
Peter Krauth writes: In theory, we have free markets, where manipulation is illegal and punishable.
We've found that's not often the case in the financial markets.
Unfortunately, this web of "disruptive practices" and "market rigging" is not likely to change any time soon.
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Tuesday, September 30, 2014
Gold - Time to Buy the Dip? / Commodities / Gold and Silver 2014
The dollar index rallied to a multi-year high today, but was quickly turned back lower. The USD index is the most overbought it has been in years. The dollar has followed a very predictable pattern during every previous move to such extreme overbought levels (RSI 70+).
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Tuesday, September 30, 2014
Urging Investors to Stay Liquid for the Coming Gold Stocks Boom / Commodities / Gold and Silver 2014
Jay Taylor doesn't beat around the bush—he believes the price of gold is being suppressed to support the U.S. dollar and underwrite American foreign policy. But the publisher and editor of J. Taylor's Gold, Energy & Tech Stocks and host of the radio show "Turning Hard Times into Good Times" thinks that this suppression will fail, just as it did in the 1970s, when gold rose over 2,300%. In this interview with The Gold Report, Taylor urges investors to stay as liquid as possible so they can invest in undervalued companies poised to explode when the value of gold is reasserted.
The Gold Report: The price of gold has fallen more than $130 an ounce ($130/oz) since July. Why?
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Monday, September 29, 2014
Russia’s Gokhran Buying Gold Bullion In 2014 and Will Buy Palladium In 2015 / Commodities / Gold and Silver 2014
Gokhran, the Russian precious metals and gems repository, said it has been buying gold bullion in 2014 and will likely to start buying palladium bullion in 2015, Interfax news agency reported this morning, citing the head of Gokhran, Andrey Yurin.
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Monday, September 29, 2014
Silver Price At or Very Close to an Important Low / Commodities / Gold and Silver 2014
Many investors have been freaked out by silver's recent breakdown from a Descending Triangle and the sharp drop that followed, but as we will see this morning there is now a strong case to make for silver either being at its low for this cycle, or very, very close to it.
We'll start by looking at silver's 6-month chart, on which we can see its recent action in detail. Here we see the breakdown from the Triangle (shown on the 4-year chart below) and the resulting sharp drop. This drop is now regarded as a final capitulation following the long and grueling downtrend that preceded it. Note the pronounced high volume bull hammer that occurred early last week. There is a good chance that this marks the final bottom, and if not, we are considered to be very close to it. This hammer was followed the next day by a "spinning top" candlestick, a sign of indecision and another sign that the downtrend has exhausted itself.
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Monday, September 29, 2014
Gold Price Very Close to an Important Low / Commodities / Gold and Silver 2014
Some of you may remember those gold ingot vending machines that started to pop up at airports and other places several years ago, which were of course a sign of a top. If they are still there they have probably been reconfigured to dispense cans of coke and candy, and if so it's a positive sign for gold.
Gold is set up to rally soon because it is oversold, with its COTs and sentiment readings at extremes characteristic of a bottom and also because the dollar is wildly overbought and out on a limb, and looking vulnerable to a reaction.
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Monday, September 29, 2014
Gold and Silver Truth, Consequences, and Confiscations / Commodities / Gold and Silver 2014
I think it's normal to have doubts - especially in rigged markets like this. Stockholm Syndrome creeps in and we begin questioning everything.Commenting on these markets over the last decade, I often wonder how long they can keep it all together. The entire house of cards has stood up much longer than anyone has expected. The next wave of investors will likely go through the almost reflexive reach for derivatives first.
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Saturday, September 27, 2014
The Global Middle Class and Copper Consumption, A Stop Spike Event / Commodities / Copper
Population growth reports say we can expect, barring WW lll or a virus like Ebola going airborne, upwards of 11.4 billion people on the planet by the 2060s. There's just over 7 billion of us now. A possible 50 percent plus gain in our numbers over such a short time is going to put enormous strain on our abilities to source the needed inputs for survival let alone bring those in the developing world up to the same level of amenities that we in the developed world have or expect to obtain.
Rising global scarcity of minerals - the metals our industrial and connected society uses every day to sustain its lifestyle - is a subject we will all become very familiar with. That's because there's no getting around the fact we live on a planet with a finite resource base and a growing population.
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Saturday, September 27, 2014
Gold And Silver - PetroDollar On Its Deathbed? PMs About To Rally? No / Commodities / Gold and Silver 2014
As we near the end of the 3rd Q for 2014, time is running out for all the 2014 enthusiasts that are calling for higher prices by year-end. The lessons learned from 2013 have been forgotten as not only are not prices beginning to move higher, they are making new recent lows. Incredibly enough, many of these prognosticators are paid pretty well by their subscribers. Lesson to be learned? Absolutely no one can divine the future.
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Friday, September 26, 2014
Gold Not A Safe Haven On Terrorism, Middle East Bombing, Russia ... Yet / Commodities / Gold and Silver 2014
With escalating conflict in the Middle East, an unresolved conflict in the Ukraine, and various other geo-political risks on the horizon such as the contagion risk of Ebola, it would be expected that the longstanding 'safe haven' qualities of gold would come into play as they have done in the past.
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